Oil and gas giants, BP Trinidad and Tobago has announced that it will be making major cost adjustments as a result of the current economic climate but has stopped short of stating that it will be dimissing staff.
BPTT issued a statement today making the announcement.
The following is the statement by BPTT.
BHP Billiton has confirmed that ity is sending home staff. The company issued a statement this afternoon confirming the cuts.
The following is the statement from BHP Billiton.
"Today’s petroleum industry is facing extremely challenging market conditions, even by historical standards.
BHP Billiton is examining our current and future business needs to optimize both staffing and costs and make appropriate adjustments in its global Petroleum business. We remain committed to our ongoing operations while maintaining a platform for future growth opportunities.